kansas-city-auction-company

EXTRAORDINARY REAL ESTATE AUCTION

Magnificent 9,000sf Penthouse Residence in “The Walnuts” — Sells to the highest bidder over $1.5M! (Last listed for $3M; More than $6M invested)


Marvelous architectural details grace every room and hallway of this stately home. Gold-plated hardware, upholstered walls, inlaid floors and opulent window dressings abound. Stunning leaded glass windows and open terraces provide breathtaking views.

LIVE ON-SITE AUCTION WITH ONLINE BIDDING
Began: 01/30/15 at 1:00 PM CST
Location: 5049 Wornall Road, 10-C&D, 11-C&D, Kansas City, MO 64112

This grand residence comprises the top two floors of The Walnuts, one of the region’s most exclusive condominium developments. Marvelous architectural details grace every room and hallway of the stately home. Finishings throughout include gold-plated hardware, upholstered walls, inlaid floors and opulent window dressings. Stunning leaded glass windows and multiple private terraces provide breathtaking views in every direction.

The seller has invested more than $6,000,000 in the home. It sells to the highest bidder over $1,500,000 on January 30, 2015.

A one-of-a-kind home.

A once-in-a-lifetime opportunity.

Advance Registration Required for Auction Attendance.

Shown by Appointment to Qualified Bidders

 

Proudly offered by Cates Real Estate Auction Company

In cooperation with

The Doug Wasson Team, RE/MAX State Line Real Estate, Inc.

 

The Height of Luxury Living

As you step out of the elevator into the home’s foyer, and the room illuminates to greet you, you understand instantly that this is a very, very special place. The elegantly paneled walls, the deep crown moldings and the striking floor of Calcutta Gold and Black Marquina polished marble are just a hint of all that lies beyond. A few more steps into the entry hall and you’re treated to hand-painted wallpaper and jaw-dropping views through silk-dressed, leaded glass windows. Yes, you’ve arrived.

 

There are many ways to define “luxury” and just as many ways to find it throughout this extraordinary home. Luxury can be found in expansive rooms and in intimate spaces. It can be found serving guests at dinners in the formal dining room or enjoying sandwiches with friends overlooking the English gardens. It can come from the rush of hosting exuberant parties or from the simple pleasure of quiet morning coffee in the library. Luxury can be found in timeless architectural details as well as in invisible state-of-the-art audio hidden in walls and ceilings.  It can be found in the excess of tasseled trim or the practicality of underlit garment rods. Luxury abounds in the softness of upholstered walls with heavy silk draperies as well as in the solidness of black lacquered doors with gold plated hardware. Luxury traverses floors in the convenience of a private elevator or with the drama of chandelier-topped spiral staircases. Luxury appears in the flood of natural light through huge windows and in the single beam illuminating prized artwork on display. Luxury, both conspicuous and subtle, is found in every element of this remarkable residence.

 

It’s The Little Things

Lots of expensive homes have impressive features. Often, those features are scattered throughout the house or are identical to those in nearby properties. In this home, the attention to even the smallest detail extends down every hallway, around every corner and through every room. No space, public or private, has been left to ordinary.

 

Every door, even those to insignificant closets, is finished with a high gloss black lacquer and tastefully ornate gold-plated knobs and hinges by Sherle Wagner. In fact, beautiful gold-plated coordinating hardware, also by Sherle Wagner, is found in the bathrooms and even closets throughout the entire home.

 

Floors throughout the home are a mixture of old world materials including dark parquet wood in varying designs, original terrazzo with brass and copper inlays, plush wool carpeting, stone, marble and granite. Hand-painted outlets and switch covers blend seamlessly into counters of marble and granite.

 

Fabric plays an amazing role in the character of the residence. From sumptuous “upholstered” walls and ceilings to exquisite silk window treatments with lavish trim, the well-appointed rooms exude timeless style. The carefully chosen fabrics even find their way into drawers and onto shelves for added luxury.

 

The “Reed & Ribbon” Motif – A discerning eye will note what is perhaps the most excellent example of attention to subtle design detail. The “Reed & Ribbon” motif, which finds its origins in Roman architecture, is used in a variety of ways to provide design continuity throughout the home. You’ll notice it in the gold-plated hinges on every door, the moldings embellishing the master bedroom, and when you look closely, you’ll even discover it in the ribbing on the dome above the grand center stair.

 

Chefs and caterers will appreciate not only the top line appliances in all the kitchens throughout the home, but especially the fully appointed service kitchen and butler’s pantry adjoining the main kitchen. An entirely red-felt-lined walk-in closet for silver service is an unexpected bonus!

 

Creature comforts are attended to in a variety of ways both large and small. Remote-controlled screens on the many leaded glass windows, underlit clothes hanging rods, integrated heat station for food, customizable lighting, touchpad controlled whole house audio/video and even a secret wall safe are but a few examples.

 

More information on the beautiful hardware and fixtures by Sherle Wagner can be found at www.sherlewagner.com

 

 

About Those Views!

Whether from inside through timeless leaded glass windows, or outside on one of the many terraces, the views afforded by this residence are unmatched in Kansas City. Of course, the vantage point of height provided by the penthouse level guarantees that absolutely nothing impedes your view. What’s more, by virtue of owning the entire top two floors of this signature building you can gaze as far as you like in any direction.

 

Lots of high-rise living options like to claim panoramic views, but in this residence it’s actually true. Look out at the Plaza or Loose Park.  Look beyond to the Kauffman Center for the Performing Arts or Arrowhead and Kauffman stadiums. Or look down at the 10-acre private grounds of The Walnuts. To the south, a lush park of open space and trees; to the north, perfectly manicured English gardens — a visual treat in every season.

 

From small balconies to expansive patios, private open air living options abound in this home. A corner patio on the upper west wing gives wide views in three directions. A nearly 500 square foot terrace on the south side is fitted with custom fabricated suspended iron planters (lighted and irrigated!) for the perfect high rise rose garden. There are even roses designed into the iron braces.

 

Capping the east wing, a large conservatory with stone floor and glass walls and ceiling is prelude to an expansive 1,000 square foot rooftop terrace.  An artful combination of brick and stone parapet walls dressed with iron and lattice define the space which is anchored by a stone fountain. Extensive irrigated and metered boxed landscaping make this a most memorable “courtyard in the sky.”

 

 

Old World Goes High Tech

The most beautiful spaces fall short if they aren’t equipped to meet modern needs. State-of-the-art audio and video amenities are available throughout the home via video touchscreens and control pads. The ELAN system components include digital tuner, dual A/V controller systems, XM-R3 Satellite Audio Receiver, and three amplifiers. Other central components include Yamaha CD changer and SONY 400 DVD/CD Precision Cinema Progressive Disk Explorer. The recent addition of Google fiber ensures top notch connectivity.

 

 

“The Walnuts” – Unparalleled Prestige

For more than 85 years, The Walnuts has been the bedrock of the finest condominium living in the Kansas City area.  Never prey to fashion or trend, the three stately buildings preside over a private 10-acre estate comprised of a lush treed park to the south and a perfectly manicured English garden on the north.

 

The timeless Jacobean architecture blends brick and stone into parapet walls, corbeled oriel windows, terraces and balconies. Tudor and Elizabethan influences are seen in the stone masonry, diamond-patterned brick work, heavy mullioned windows and handsome arched entrances.

 

Owners at The Walnuts experience a lifestyle to match the signature architecture and beautiful grounds.  The doorman and staff assist with groceries and hand-deliver packages, mail, laundry and dry cleaning. 24-hour valet parking complements the 24-hour attended and heated parking garage complete with car wash (2 parking spaces are available at $90/month each). Trash is retrieved 6 days a week and newspapers are delivered to door daily.

 

In addition to the park and gardens, other common spaces include exquisitely appointed card room and board room. A fitness center is also available.

 

The Walnuts is located adjacent to Loose Park, one of Kansas City’s finest park amenities. It is within walking distance of the iconic Country Club Plaza with a plethora of upscale shopping, dining and entertainment options. It is just minutes from cultural destinations including The Nelson-Atkins Museum of Art, The Kemper Museum of Contemporary Art, The Kansas City Repertory Theatre and The Kauffman Center for the Performing Arts.

 

 

A Quick Tour – Defining Spaces

The art of floor planning a home of significant square footage is to design and configure space that delivers a grand feel and is, at the same time, “livable.”  Spaces should flow intuitively, and rooms should define themselves flexibly and in logical relation to one another.

 

Achieving such a goal is no small challenge for penthouse-style highrise living, let alone for a property with historic significance. Yet, a quick tour of this home (if there is such a thing) reveals a challenge met and conquered with flourish.

 

The “V” shaped plan is most easily thought of in main and upper floors, each with an east and west wing. Entrance to the home is centered in the private elevator foyer and the front hall which connects the wings of the main floor.

 

Main Floor/West Wing

The real sensory treat of the front hall is the opulent powder room with its five heavily padded silk walls, marble floor, uncommon ceiling architecture and ambient lighting. The ornate vanity, sink and gold-plated hardware are all by Sherle Wagner.

 

The signature space of this portion of the home is undoubtedly the dining room. The rich brocade fabric-covered walls continue into exquisite draperies that dress the leaded glass windows and large bay. A striking fireplace, dark oak herringbone flooring and lighted center dome with Greek key detailing add character. Three floor-to-ceiling panels of the wall open to reveal lighted, silk-lined shelving.

 

Beautiful Italian “Costa Esmeralda” granite defines the green-hued palette of the main kitchen. The scheme is artfully executed in the grayish mossy green painted and glazed raised paneling that seamlessly covers the walls, cabinetry and even appliances including the double Miele dishwashers and dual Sub-Zero refrigerator/freezers. There are multiple walk-in pantries and integrated storage closets (including one entirely lined in red felt). Deep archways with raised panel intrados bracket the adjoining service corridor. A like-paneled informal dining room overlooks the gardens.

 

Beyond the kitchen a back spiral staircase leads to the west wing of the upper floor. A beautifully appointed powder room incorporates Chinese panels reclaimed from the original entry hall. There is also a house manager’s office with ample built-ins, closets, granite counters and ceiling with box beam detail.

 

The entire end of the main floor west wing comprises the guest suite. Guests are treated to a bedroom with acanthus leaf plaster crown moldings, plush wool carpeting and gorgeous sage, gold and butter-colored silk draperies. The scheme continues through the dressing room with its fabric covered walls and the walk-in closet with its coordinating fabric drawer liners. The en suite bath features counters, floor and bathtub surround of dramatic raised panel green and gold marble. Gold-plated hardware is by Sherle Wagner. The guest sitting room, which could also serve as an additional bedroom features herringbone oak flooring, large bay window with silk draperies, acanthus moldings and French doors to a private terrace. 

 

Main Floor/East Wing   

Just off the entry hall is the grand center stair which rises majestically from the marble floor, past the sensational chandelier to a dramatic corbeled, domed ceiling with cove lighting. Hidden behind the curved door in this elegant round room is the central control stack for the home’s audio and video amenities. (See “Old World Goes High Tech”)

 

Beyond the grand stair is the classically styled formal living room (see cover photo). The largest room in the home, excluding the rooftop terrace, the stately living room features a fireplace, beautiful painted paneling, elaborate acanthus leaf moldings, ceiling details and lentils.  Striking arched windows flank substantial bay windows, all of leaded glass and dressed with fine silk draperies.

 

To the north of the living room is the service kitchen (fully equipped and appointed to match the main kitchen), a powder room for staff, service elevator, the butler’s pantry with laundry facilities and the private in-residence elevator.

 

The majority of the east wing is dedicated to the owner’s chambers. The entry to this portion of the home features a black terrazzo floor with a brass Pegasus detail. Through handsome radius top double doors lies a private living room or anteroom to the master bedroom. This special space has original terrazzo floors with brass inlays, three large arched windows adorned with silk draperies and an adjacent reading room. Architectural treatments include softly rounded corners and ceiling details, crown moldings with high arches at the entrances.

 

The master bedroom itself is a retreat of plush wool carpeting, elegant silk draperies, creamy paneled walls with reed & ribbon motif moldings and beaded trim.  Her master bath is an exquisite gilded space swathed in marble (floors, counters, shower, tub surround) with silk walls and ceiling treatments. His master bath has stately dark cherry cabinetry with a full marble steam shower. All master bath hardware is gold plated by Sherle Wagner. Both master closets are multiple rooms of specialty storage features, lighted hanging rods and granite-topped islands.

 

Double radius-topped doors access a private hallway with brass and copper inlaid floors, heavy crown molding and art display space. Bypassing the anteroom, this corridor provides direct access to both master baths and the master bedroom.

 

Upper Floor/East Wing   

Follow the solid brass curved railing up the grand center stair, past the signature 2-story arched window to even more remarkable entertaining and living spaces. Echoing the exterior architecture, the library recalls old England with its warm wood tones and custom moldings. A handsome open fireplace faces an immense floor-to-ceiling window of leaded glass, flanked by coordinating doors. Beyond lies a balcony of brick and masonry detailing (which you likely admired from far below) that provides some of the most sweeping views of all. At each end of the library are striking mirror-image Tudor-styled architectural treatments. At one end the paneling glides away to reveal a hidden TV. At the other end, custom carved doors open to a fully appointed entertaining kitchen.

 

In the “game room,” or family room, a picture window 100 square feet in size is a jaw dropper. Framing spectacular views of the city, this unexpected feature is backdrop to a versatile room complete with fireplace and a huge arched entrance to the conservatory.

 

The expansive all-season conservatory has a stone floor, glass walls and ceiling with remote shades. Beyond lies the spectacular 1,000 square foot rooftop terrace with irrigated landscape boxes, fountain and more. (See details in “About Those Views”

 

The east wing is also home to the upper entrance for the private elevator as well as a large beautifully appointed guest bathroom and additional storage.

 

Upper Floor/West Wing   

This portion of the home is accessed by the secondary spiral staircase and can serve a variety of practical uses. At the top of the stairs is a 1,000 bottle climate-controlled wine room with leaded glass door, stone tile floor and wood shelving with brass trim. There is also an expansive storage room with extensive built-in shelving.

 

The rest of the interior portion of the upper west wing is comprised of an apartment which was most recently used as an office suite and exercise facility. It includes two large living areas with walls of windows providing spectacular views in three directions, a half bath with shower, and a kitchen with stainless appliances, granite counters and space for a stacked washer/dryer.

 

Two sizable open-air rooftop patios are also accessed from this space, including the suspended rose garden.

West wing HVAC by Honeywell — installed 6 years ago.

East wing HVAC by Lennox — installed 8 years ago.

 

 

 

SPECIAL INVITATION! It is virtually impossible to fully and accurately potray a home of this scale, significance and excellence. While we’ve done our best to represent portions of it through narrative and photography, to truly appreciate this home you simply must see it for yourself. Experience the character, examine the details up close, absorb each of the unique spaces, take in the views and visualize the lifestyle. 

 

If you’re a qualified buyer with an interest in owning this property, we want to show it to you! Call our office to arrange your private tour. Feel free to bring your decorators, advisors or anyone else involved in your buying decision. Then, if this is the home for you, make your advance registration to bid in the auction. Or, if you prefer, submit your pre-auction offer to buy in advance.

 

 

 

HISTORICAL NOTE OF INTEREST:

Under the former ownership of Charles Price, Ambassador to Britain, this home was host to Margaret Thatcher, Ronald & Nancy Reagan, and Prince Charles, among other celebrities and dignitaries. 

 

 

A WORD FROM THE AUCTIONEER…

The owner of this one-of-a-kind residence spared no expense in taking an already remarkable home and elevating it to the very height of luxury. There’s simply nothing like it in all of Kansas City. More than $6 million has been invested! Having moved out of state, the seller has made the decision to expedite the sale through auction. Last listed for $3 million, he has set his reserve at only $1.5 million. There will be no better opportunity to own a home of this caliber.   

 

 

3 WAYS TO BUY!

1. Make an offer in advance. Call 816.781.1134 for details. Subject to all auction terms.

2. Bid live onsite. Advance registration and approval required for admittance to the auction.

3. Bid live online. Advance registration and approval required for bidding activation.

 

NEW TO AUCTION? 4 Quick Tips:

1. Learn about the property. Read details, peruse documents and see photo galleries on this website using the links above.

2. View the property. Schedule your showing by calling 816.781.1134.

3. Decide your strategy. Thoroughly read the complete terms of the auction and determine if you wish to make an advance offer, bid live onsite, or bid live online.

4. Register in advance. This auction requires advance registration based on how you plan to bid. Only those registered and approved in advance will be allowed to attend and/or bid.

 

Brokers: We welcome your participation in this auction event. A commission of 3% of the successful high bid will be paid to properly registered buyer’s agents. Please contact our office to schedule your showing. The Walnuts requires a pre-approved listing agent to be present.

 

REGISTRATION & ATTENDANCE REQUIREMENTS OVERVIEW

Attendance at the auction requires advance registration as either a pre-approved bidder or authorized guest of a bidder. Registration and bidding approval requires proof of funcs verified in advance. $75,000 cashier’s check (required of winning bidder to be applied to deposit) must be displayed for admittance to auction site. Those wishing to bid online must register online and submit the required documents to Cates Auction before online bidding will be approved and activated.

ONLINE BIDDING

Bidding online requires both an online registration process and a subsequent approval/activation to bid. Approval will be granted following receipt of the required documents. It is recommended that this process be completed at least three days prior to the auction.

SUMMARY OF KEY TERMS

Advance registration and approval required to attend auction and bid. 5% down day of sale — $75,000 cashier’s check (required for admittance) and balance of deposit by personal or business check. Purchase balance in 30 days at closing. Taxes prorated to closing. 10% buyer’s premium applied to high bid. Seller provides title insurance. Property sells as-is, free & clear of liens. Subject to prior sale. Complete terms and conditions, detailed property information package, helpful links, and additional pictures and other resources available using the links above.

TAXES AND HOA

2014 taxes $30,077; 2013 HOA $8.45/ft (Calculated on 9,233 square feet = $6502/month). 2 parking spaces available at $90/month each.

“THE WALNUTS” AUCTION

TERMS AND CONDITIONS

 

AUCTION ATTENDANCE:

Attendance at this auction requires advance registration. Only bidders who have registered and have been pre-approved by the auction company will be admitted and given a bid paddle. Properly registered bidders may make additional reservations for guests to attend with them. Proof of identity will be required at the door. Bidders must also display a cashier’s check as described below. The property will be open one hour prior to the start of the auction.

REGISTRATION:

Advance registration is required for bidding approval. Please complete registration at least 24 hours prior to the auction to ensure timely processing. Documents may delivered to the auction office, emailed to sold@CatesAuction.com or faxed to 816-781-1135.

Documents required for registration:

  1. Cates Bidder Registration Form. (Available at www.CatesAuction.com/TheWalnuts or by calling 816-731-1134.)
  2. Picture ID (Copy of valid driver’s license or current passport.)
  3. Proof of funds

Online bidders may complete the basic registration process online but will not be authorized to bid online until documents are received and approved. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions.

DOWN PAYMENT:

The successful bidder(s) shall be required to make a 5% non-refundable down payment of the total purchase price immediately following the close of bidding. Such deposit to be the combination of a cashier’s check in the amount of $75,000 and a personal or business check to make up the difference to 5%.  Bank wire will also be required from online bidders.

FINANCING:

Financing is not a contingency of sale in this offering. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction.

CONTRACT SIGNING:

The successful bidder(s) shall execute a purchase agreement immediately following the close of bidding. All final bid prices are subject to Seller approval, unless announced otherwise. Sale subject to The Walnuts board approval, to be decided within 48 hours of contract signing.

CLOSING:

Buyer(s) shall close within 30 days of the auction date. Possession will be delivered at closing subject to any remaining rights of the current tenant(s), if applicable.

EVIDENCE OF TITLE:

Seller shall furnish at seller’s expense an Owner’s Policy of Title Insurance in the amount of the total purchase price and shall execute a general warranty deed conveying the real estate to the buyer(s).

REAL ESTATE TAXES & ASSESSMENTS:

2015 taxes are to be prorated as of the closing date.

EASEMENTS AND LEASES:

Sale of said property is subject to any and all easements of record and any and all leases.

AGENCY:

Cates Auction & Realty Co., Inc. and its representatives are agents of the Seller.

BUYER’S PREMIUM:

A buyer’s premium of ten percent (10%) shall be added to the high bid and included in the total purchase price to be paid by the successful bidder(s).

BROKER PARTICIPATION:

A commission will be paid to any properly licensed Broker who registers a successful buyer according to the appropriate Broker Participation Agreement. This form is available from the Auction Company and must be completed and returned no later than 48 hours prior to the auction.

DISCLAIMERS AND ABSENCE OF WARRANTIES:

The information in the auction advertising was obtained from sources believed to be accurate, but is subject to verification by all parties relying on it.  All sketches and dimensions are approximate.  No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All bidders are responsible for conducting their own inspections, investigations, inquiries and due diligence concerning the property. The property is being offered on an “AS IS”, “WHERE IS” basis and no warranty or representations, expressed or implied, is made by the Seller or the auction company. All announcements made by the Auctioneer during the auction take precedence over any previously printed material or any other oral statements made. All information contained in the advertising and all related materials are subject to the terms and conditions outlined in the purchase agreement. Advertising may contain pictures of wildlife and other items that are for illustrative purposes only. The Auctioneer reserves the right to bid on behalf of the Seller up to, but not beyond the Seller’s reserve (if applicable). The Property is available for and subject to sale prior to auction. 

PRE-AUCTION SALES:

This property is subject to pre-auction sale. Pre-auction offers must meet all auction terms and be submitted to the Auctioneer on the Real Estate Sale Contract along with the required deposit. Properly submitted offers will be presented to the Seller, who may accept or reject such offer in their sole and absolute discretion.

 **********************************************************

“THE WALNUTS” AUCTION

ONLINE BIDDING

AUCTION TERMS AND CONDITIONS

ONLINE REGISTRATION and ONLINE BIDDING ACTIVATION:

Online bidding authorization is a two-step process.

  1. Online registration. All online bidders must provide name, address, phone number, and email address to register. A credit card (MC or Visa) is required. The credit card will be validated before bidding access is granted, but is not a recognized form of payment of the deposit or purchase price. Should a Winning Bidder fail to complete the contract signing process, the required deposit will be charged to the credit card provided at registration. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions.
  2. Bidding activation. In order to participate in online bidding, a registered bidder must be approved and activated by the auction company. Documents may be delivered to the auction office, emailed to sold@catesauction.comor faxed to 816-781-1135. Documents required for online bidding approval are:
    1. Cates Bidder Registration Form
    2. Picture ID (Copy of valid driver’s license or current passport)
    3. Proof of funds

BIDDING ONLINE:

This property may be purchased at the live auction via either online or onsite bidding. (If you need assistance placing an online bid or prefer to submit a bid in person, please call our office for assistance. 816-781-1134) To place an online bid, bidders enter their “maximum” bid and click the “Place Bid” button. Each time that bidder is outbid by another bidder, the system will automatically bid on their behalf at the established bid increments up to their maximum. The Auctioneer does not know any bidder’s maximum bid.  The system will not advance a bidder’s own bid.

The highest online bid at the time the auction converts to a live format, becomes the opening bid in the live auction. That bidders “maximum” bid, if applicable and not yet met, will also carry through to the live auction as described above. Any registered and approved online bidders may continue to bid online in the live auction by logging in at the published auction time. An online bidder wishing to bid live onsite will need to properly register in advance as an onsite bidder in order to gain admittance to the auction site.

BUYER’S PREMIUM:

A buyer’s premium of ten percent (10%) of the high bid shall be added to that bid and included in the total purchase price to be paid by the successful bidder(s).

Sample calculation —    

High bid                  $1,000,000

Buyer’s Premium      $   100,000  (10% of 1,000,,000)

Total purchase price   $1,100,000

FINANCING:              

Financing is not a contingency of sale in this offering. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction.

CONTRACT SIGNING FOR WINNING ONLINE BIDDER:  

At the conclusion of the auction the Winning Bidder will receive an email confirming his or her winning bid status. In this or a subsequent email the Winning Bidder will receive a link to sign all documents electronically along with wiring instructions for submitting the required earnest money deposit to the named title company.

Should the electronic processes described above be unavailable, alternative arrangements will be made. In any event, the contract signing and deposit payment process must be completed by close of business on the auction day, unless all parties agree to a different arrangement. A Winning Bidder whose documents and deposit are not received within the required timeframe is subject to paying a liquidated damages amount equal to the down payment and will not be allowed to bid in any future Cates Auction & Realty auction events. Note that property-specific purchase documents are available prior to the auction end date and any professional reviews of such documents should be undertaken PRIOR to bidding. All final bid prices are subject to Seller’s reserve, unless advertised otherwise. This sale subject to The Walnuts board approval, to be decided within 48 hours of contract signing.

DOWN PAYMENT (DEPOSIT):

The Winning Bidder shall be required to make an earnest money down payment equal to 5% of the total purchase price.  This deposit must be paid by wire transfer (or by certified funds), by close of business the day following the bidder being declared the Winning Bidder.

CLOSING:

The Winning Bidder shall close within 30 days of the auction date, unless stated differently in the Purchase Agreement.

EVIDENCE OF TITLE:

Seller shall furnish at seller’s expense an Owner’s Policy of Title Insurance in the amount of the total purchase price and shall execute a general warranty deed conveying the real estate to the buyer(s).

REAL ESTATE TAXES & ASSESSMENTS:

2015 taxes are to be prorated as of the closing date.

EASEMENTS AND LEASES:

Sale of said property is subject to any and all easements of record and any and all leases.

AGENCY:

Cates Auction & Realty Co., Inc. and its representatives are agents of the Seller.

BROKER PARTICIPATION:

A commission of 3% of the high bid will be paid to any properly licensed Broker who registers a successful buyer according to the appropriate Broker Participation Agreement. This form is available from the Auction Company and must be completed and returned no later than 48 hours prior to the auction date.

DISCLAIMERS AND ABSENCE OF WARRANTIES:

The information in the auction advertising was obtained from sources believed to be accurate, but is subject to verification by all parties relying on it.  All sketches and dimensions are approximate.  No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All bidders are responsible for conducting their own inspections, investigations, inquiries and due diligence concerning the property. The property is being offered on an “AS IS”, “WHERE IS” basis and no warranty or representations, expressed or implied, is made by the Seller or the auction company. All information contained in the advertising and all related materials are subject to the terms and conditions outlined in the purchase agreement.  This property is available for and subject to sale prior to auction.

PRE-AUCTION SALES:

This property is subject to pre-auction sale. Pre-auction offers must meet all auction terms and be submitted to the Auctioneer on the Real Estate Sale Contract along with the required deposit. Properly submitted offers will be presented to the Seller, who may accept or reject such offer in their sole and absolute discretion.

Click on any image to view larger.

The Dining Room Ante Room to the Master Bedroom The Library The English Garden with Horizon Beyond 1,000sf Rooftop Terrace

Click on any image to view larger.

Private elevator foyer with automated lighting Gold-platted knobs by Sherle Wagner -- on doors throughout the home Gold-plated hinges by Sherle Wagner -- on doors throughout the home Entry hall facing grand center stair Powder room off entry hall. Fabric walls and dramatic architectural ceiling.
Dining room with silk brocade draperies View of dining room with wall panel open for display Dining room with silk brocade wall fabric Service kitchen to match main kitchen Main kitchen with double Wolf ovens
Fully appointed service kitchen Main kitchen - island and heated buffet server Main kitchen - Archway leads to service kitchen Main kitchen with granite counters and backsplash Gorgeous views from sink in main kitchen
Main kitchen Felt-lined walk-in silver service closet Paneled informal dining room Informal dining room with heated buffet service Brass and copper inlay in black terrazzo floor
Ante room to the master bedroom. Terrazzo floor with brass inlays Ante room with view to master bedroom Master bedroom looking to ante room Master bedroom with plush wool carpeting Private master hallway to master suite
Brass Pegasus inlay in master hallway Her master bath with fabric walls & ceiling Her master bath Her master bath -- marble shower Her master closet with island and underlit clothes rods
His master bath His master bath - marble steam shower His master closet His master closet with underlit clothes rods His master closet
Gold plated hardware on doors to master bedroom reading room Hallway with black lacquered doors and marble floors Hallway from grand center stair to living room Living room with silk window dressings Living room with paneled walls and custom moldings
Living room with oak parquet floor Living room Butler pantry with laundry Powder room with Chinese papers reclaimed from original entry hall House manager's office with marble counters
Guest room with silk draperies and wool carpet Guest room dressing room Guest room bathtub with raised panel marble surround Guest room bath Sitting room for guest room (or could be another bedroom)
Grand center stair (now with chandelier) Center stair corbeled dome with cove lighting and "reed & ribbon" moldings Library with view to hidden TV behind sliding paneling Library with custom Tudor-style doors leading to entertaining kitchen Library with warm wood and massive fireplace
View from library terrace (looking generally SW) Entertainment kitchen between library and game room Game room -- arch leads to conservatory Game room or Family room 100 square foot window in game room
Conservatory with glass walls & ceiling Remote controlled blinds on conservatory ceiling Conservatory looking into game room Detail of conservatory arch "Courtyard in the Sky" rooftop terrace
Rooftop terrace with irrigated landscaping Rooftop terrace with fountain - accessed from conservatory View of the manicured English gardens Views to the north Views to the northwest
Panoramic views Second spiral stair case (west wing) Wine room at top of west stair Wooden wine room shelving with brass trim Upper level powder room
Apartment living area 1 (formerly exercise room) Apartment half bath Apartment kitchen Apartment living area 2 -- formerly office space Apartment living area 2 looking NW & NE
Apartment living area 2 with built-ins backing kitchen Corner patio on upper west wing with ornate brick/iron and irrigated landscaping Extensive storage Upper level storage Upper level storage
This home is the top 2 floors. Arched window right of center is the grand stair. The bay windows to the left are the dining room. Bay to the right is the living room. 10-acre grounds include park on the south side Landscaped grounds The Walnuts was built in 1929 One of the most prestigious addresses in the region
Welcome home to The Walnuts

Your auction should be printing now. If not, please click here.

AuctionServices
We are Kansas City's oldest and most experienced real estate auction company specializing in accelerated real estate sales in Missouri and Kansas, including Overland Park, Lenexa, Shawnee, Leawood, Kansas City, Lee's Summit, Olathe, Blue Springs, Independence, Liberty, Kearney, Parkville, Smithville, Gladstone, Clay County, Platte County, Jackson County, Johnson County, Wyandotte County, Leavenworth County, Cass County, Lake of the Ozarks, Lake Ozark, Sunrise Beach, Osage Beach, Four Seasons, Shawnee Bend, Miller County, Camden County, and around the Midwest. Kansas City auctioneers with regional expertise!